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Companies / Utilities / DTE Energy
DTB

DTE Energy

UtilitiesElectric, Gas & WaterS&P 500
Ticker DTBDETROIT, MIFiscal year ends DecemberBook value per share $58.41Diluted shares 208.0M

DTE Energy Company (NYSE: DTE) operates as a diversified energy company serving approximately 3.7 million customers across Michigan and beyond through its regulated utility operations and non-utility energy businesses. The company maintains its principal website at www.dteenergy.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$15.81BFY2025
+26.9% year over year
Last 12 mo $16.46B
15.01%FY2025
−1.8 percentage points
Last 12 mo 13.32%
$1.46BFY2025
+4.1% year over year
Last 12 mo $1.32B
12.26%FY2025
No change, year over year
Last 12 mo 10.84%
Cash & financing
$3.41BFY2025
−6.4% year over year
Last 12 mo $3.36B
$-1.02BFY2025
−23.8% year over year
Last 12 mo $-1.95B
2.12FY2025
Was 1.97× a year earlier
Last 12 mo 2.27
207.0MFY2025
No change, year over year
Last 12 mo 208.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What DTE Energy does

In the company’s own words

DTE Energy Company (NYSE: DTE) operates as a diversified energy company serving approximately 3.7 million customers across Michigan and beyond through its regulated utility operations and non-utility energy businesses. The company maintains its principal website at www.dteenergy.com.

The company's core operations center on two major regulated utility subsidiaries: DTE Electric Company, which generates, purchases, distributes, and sells electricity to approximately 2.3 million customers in southeastern Michigan, and DTE Gas Company, which purchases, stores, transports, distributes, and sells natural gas to approximately 1.4 million customers throughout Michigan. DTE Electric operates a diverse generation portfolio including coal-fired plants, combined cycle natural gas facilities, nuclear generation, hydroelectric pumped storage, wind, and solar assets totaling approximately 12,414 megawatts of net generation capacity. DTE Gas maintains four underground storage fields with approximately 139 billion cubic feet of working gas storage capacity and operates approximately 21,000 miles of distribution mains.

Beyond its regulated utilities, DTE Energy operates through two additional segments. DTE Vantage develops and operates renewable energy projects, including gas recovery sites in ten states that convert methane from landfills and agricultural operations into electricity and pipeline-quality gas, while also providing custom energy solutions to industrial and commercial customers. The Energy Trading segment engages in physical and financial marketing of power, natural gas, and environmental commodities, serving utilities, distribution companies, and other energy market participants.

As of December 31, 2025, DTE Energy employed approximately 9,650 people, with approximately 4,850 represented by unions. The company's workforce comprises 26 percent women and 29 percent minorities. DTE Electric operates 702 distribution substations and maintains approximately 456,900 line transformers serving its southeastern Michigan territory through approximately 31,190 circuit miles of overhead distribution lines and 14,804 circuit miles of underground distribution lines.

The company is regulated by the Michigan Public Service Commission, the Federal Energy Regulatory Commission, the Nuclear Regulatory Commission, and the Environmental Protection Agency, among other agencies. DTE Energy pursues carbon reduction goals targeting 65 percent emissions reductions by 2028, 85 percent by 2032, and 90 percent by 2040 from 2005 baseline levels, with net zero emissions targeted by 2050.

Company details
Sector
Utilities
Industry (SIC)
Electric, Gas & Water
Headquarters
DETROIT, MI
Fiscal year end
December
CIK
936340
SIC
4911

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.92B$3.85B$9.61B$15.38B$21.15B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns DTE Energy — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

672
funds hold it
0 of 35
superinvestors hold it
$14.55B
held by funds, at market
46.4%
of shares held by funds
38
bond issues held by funds

Largest fund holders · DTE Energy’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.04%of fund net assets
—of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.05%of fund net assets
—of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.26%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

DTE Energy’s bonds, as funds hold them

Funds report holding 38 issues of DTE Energy’s debt, $4.09B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.73%, maturing 2026 to 2058.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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